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Archive: 02 February 2012

Posts in 02 February 2012

Allahabad HC orders IOC to pay entry tax on crude

February 2, 2012 876 Views 0 comment Print

An Indian court has ruled that the country’s biggest refiner, Indian Oil Corp, must pay entry tax on the crude it supplies to a plant in a northern state, the company told the country’s stock exchange on Wednesday.

ICWAI – Important Announcement for Students for June 2012 Term of Examination

February 2, 2012 1223 Views 0 comment Print

Finance Act 2011 involving Assessment year 2012-13 will be applicable for the subject Applied Direct Taxation (Intermediate), Applied indirect Taxation (Intermediate), & indirect & Direct Tax management (Final) for the purpose of June 2012 term of Examination Under revised syllabus 2008.

Income Tax Department searches premises of liquor baron Ponty Chadha

February 2, 2012 279 Views 0 comment Print

The Income Tax Department on Wednesday conducted searches at the premises of prominent Uttar Pradesh-based liquor baron and businessman Ponty Chadha, in the state and at a few locations in Delhi.

RBI asks banks to evaluate risk of unhedged forex of companies

February 2, 2012 780 Views 0 comment Print

To prevent adverse impact of volatile forex market movement on corporates and their lenders, the Reserve Bank has directed banks to evaluate risks from unhedged foreign currency exposure of companies while extending them credit facilities.

Private Sector Banks as Agency Banks of RBI can handle Govt. business

February 2, 2012 504 Views 0 comment Print

Reserve Bank of India has said that all private sector banks will now be considered eligible to handle any Central or State Government at par with public sector banks. Till now, only three private banks, namely ICICI Bank Ltd, HDFC Bank Ltd and Axis Bank Ltd were appointed by RBI as its agents to carry out limited general banking business.

Euro Burns Money

February 2, 2012 859 Views 0 comment Print

European Financial Stability Fund is the fund which has been built by the 27 members of the Eurozone to fight out the sovereign crisis. On 9th March 2010 the 27 euro nations gave birth to EFSF.EFSF was authorized to borrow upto €440 billion.

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